Portland Real Estate Market Conditions June 2010
Where’s the bottom of the Portland real estate market? Are home prices going to continue to fall or are they stabilizing? These are great questions. Determining answers is tricky. We’ll only know the bottom of the market when we see it in the rear view mirror. But there are definite signs of stabilization. To compare with last month check my previous market conditions blog. Homes are starting to... [Read more]
Getting a home loan—the good, bad and ugly
Are you thinking of buying a home in Portland? It’s July, 2010. We’re now three years into our recession/depression/darn grim real estate market. This little update will keep you informed about the current climate for home mortgages if you are buying a home in Portland. Keep checking back here. This topic changes all the time. FIRST THE GOOD NEWS FOR HOME BUYERS Interest rates are the lowest... [Read more]
Portland Real Estate Market Conditions May 2010
The latest statistics from Portland’s MLS are out. The market looks better. But part of the reason is the effect of the first time home buyer tax credit. If you remember, buyers needed to have their first home under contract by April 30, 2010. That’s a Pending Sale. The transaction needs to close by June 30, 2010. That’s a Sold statistic. As expected, April saw a surge in pending... [Read more]
New and Improved MLS Search
Returning visitors to Portland Home Source will notice a change as they search the MLS. That’s because we’ve changed to a new map based MLS search program from a local Portland company called Home Quest. After lots of testing and lots of soul searching, we decided Home Quest offers the best search capabilities for our visitors. We hope you agree once you get to know it. Yes, we know how... [Read more]
Portland Real Estate Market Conditions April 2010
There are many signs that the Portland real estate market is slowly coming back. When we compare the numbers for April 2010 with the previous April, all indicators are up considerably.April 2010 compared with April 2009 April 2010 had closed sales up 49.1% over April 2009. In addition, pending sales were up a huge 60.8%; new listings were up 23.8%. The average sales price went down 3.1% and the median... [Read more]
